advice needed please.

cherrypie556

Between myself and my husband we have debts of nearly £26k. He is self employed, im a student we have 4 kids and do not own our own home. He has a van for work and i have a car for uni (which we both NEED) We are struggling each month to pay everything, have defaulted a few times on various debts and don't have enough money for food. What can we do? Our 'debt' monthly outgoings are £604.94 and thats before any household bills (rent, CT etc) and food. What can we do?

moneysavermum_2

write to all companies pay all high interest loans/credit more a month and others minimum

moneysavermum_2

food and housing and priority debts come first then debt repayment

RAS

Welcome

You need to fill in an SOA, as here:

http://www.makesenseofcards.com/soacalc.html

check that you are getting all the benefits your should on www.entitledto.com

Have you got single person's CT allowance organised?

Have you spoken to college/university to see if there is any extra help?

cherrypie556

RAS wrote: »

Welcome

You need to fill in an SOA, as here:

http://www.makesenseofcards.com/soacalc.html

check that you are getting all the benefits your should on www.entitledto.com

Have you got single person's CT allowance organised?

Have you spoken to college/university to see if there is any extra help?

Don't start uni for another 3 weeks and as far as iam aware (correct if im wrong) I can't get the reduced rate CT until i actually start.

Storm

Here's a link for additional funding/support you may be entitled to once you start uni:

http://www.direct.gov.uk/en/EducationAndLearning/UniversityAndHigherEducation/StudentFinance/Extrahelp/DG_171503

Otherwise, pop up your SoA for advice - one thing I did think, was if you can only get to uni by car, once you start it may be worth seeing if any of your classmates are on route so you could either carshare if you both drive, or you could give them a lift & they could contribute a bit towards the petrol.

myothercarisaferrari

do you definitely 'need' a car?

cherrypie556

yes i do need a car to be able to get to uni and to placements (im a student midwife)

cherrypie556

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 4
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 1000
Partners monthly income after tax....... 0
Benefits................................ 931.97
Other income............................ 0
Total monthly income.................... 1931.97
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 400
Management charge (leasehold property).. 0
Council tax............................. 99
Electricity............................. 100
Gas..................................... 60
Oil..................................... 0
Water rates............................. 35.51
Telephone (land line)................... 25
Mobile phone............................ 69.76
TV Licence.............................. 10.14
Satellite/Cable TV...................... 10
Internet Services....................... 3.4
Groceries etc. ......................... 320
Clothing................................ 50
Petrol/diesel........................... 100
Road tax................................ 10
Car Insurance........................... 116.92
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 280
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 17.45
Buildings insurance..................... 0
Contents insurance...................... 11.45
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 25
Haircuts................................ 0
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1788.63

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 4000

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
master card....................2736.58...60........0
overdraft......................2000......0.........0
halifax credit card............1700......45........0
littlewoods....................299.35....20........44.9
next...........................353.24....33.31.....26.49
natwest loan...................9141.3....217.6.....0
cohoot loan....................8269.92...172.2.....0
natwest cc.....................1400......35........0

RAS

Hi

You appear to have only put one income? I though OH worked?

cherrypie556

yeah it's his income i have used. I dont work. Just used me as 'partner' as if we were to apply for anything then he would be the main one.